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Five Star Quality Care Inc. Message Board

  • a1919815125 a1919815125 Dec 9, 2012 10:12 PM Flag

    Tax cuts in order to destroy Social Security & Medicare (FVE death spiral)

    A small but growing group of Republicans say the party should perhaps accede to President Barack Obama's demand for higher tax rates for top earners so that the attention can shift to making serious cuts in benefit programs like Medicare and Medicaid, a top Republican senator said Sunday.
    Sen. Bob Corker of Tennessee, a member of the Banking Committee who had earlier presented a deficit-reduction plan of his own, said on "Fox News Sunday" that if Republicans gave in to the president's chief demand, then "all of a sudden, the shift goes back to entitlements and maybe it puts us in a place where we actually can do something that really saves the nation."

    Sentiment: Strong Sell

2.39-0.06(-2.45%)3:56 PMEDT